Cubist Systematic Strategies LLC Acquires 5,866 Shares of Dominion Energy Inc. (D)
Cubist Systematic Strategies LLC lifted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 36.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,935 shares of the utilities provider’s stock after purchasing an additional 5,866 shares during the period. Cubist Systematic Strategies LLC’s holdings in Dominion Energy were worth $1,681,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in D. Waldron LP bought a new position in shares of Dominion Energy during the 1st quarter valued at $236,000. Proffitt & Goodson Inc. bought a new position in shares of Dominion Energy during the 1st quarter valued at $307,000. Mutual of America Capital Management LLC grew its holdings in shares of Dominion Energy by 5.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 76,824 shares of the utilities provider’s stock valued at $5,959,000 after purchasing an additional 3,731 shares during the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of Dominion Energy by 7.2% during the 1st quarter. Tandem Investment Advisors Inc. now owns 48,251 shares of the utilities provider’s stock valued at $3,743,000 after purchasing an additional 3,241 shares during the last quarter. Finally, Segment Wealth Management LLC grew its holdings in shares of Dominion Energy by 2.1% during the 1st quarter. Segment Wealth Management LLC now owns 4,104 shares of the utilities provider’s stock valued at $318,000 after purchasing an additional 85 shares during the last quarter. 64.43% of the stock is currently owned by institutional investors.
Shares of Dominion Energy Inc. (NYSE D) opened at 80.00 on Monday. The stock has a 50 day moving average of $78.07 and a 200 day moving average of $78.17. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The stock has a market capitalization of $51.41 billion, a PE ratio of 23.15 and a beta of 0.28.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Analysts forecast that Dominion Energy Inc. will post $3.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be issued a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.85%. Dominion Energy’s dividend payout ratio is presently 87.28%.
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Several equities research analysts have weighed in on the stock. Citigroup Inc. increased their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Deutsche Bank AG increased their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a research report on Monday, August 21st. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $80.78.
Dominion Energy Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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